Table of Contents

company-logo

CMIC Ocean En-Tech Holding Co., Ltd., an investment holding company, engages in the design, manufacture, installation, and commissioning of capital equipment and packages on land and offshore rigs worldwide. It operates through three segments: Capital Equipment and Packages, Oilfield Expendables and Supplies, and Management and Engineering Services. The company engages in asset investment and operation management of offshore engineering platforms; and offers specific equipment products, which include cranes, machine rack pipes, jacking systems, power control and transmission systems, tension adjustment and compensation devices and systems, etc. It also provides drilling rigs maintenance, repair, and operation products and services comprising oilfield expendables, accessories and parts manufacturing, and sale and repair services; and provides management and engineering services. In addition, the company offers rig turnkey solutions; trades in rig equipment and oilfield expendables, as well as manufactures and trades in rig electrical control systems; designs and manufactures mechanical handling equipment; and sub-leases drilling rigs. Further, it is involved in the research and development and sale of offshore wind power related equipment. The company was formerly known as TSC Group Holdings Limited and changed its name to CMIC Ocean En-Tech Holding Co., Ltd. in February 2019. CMIC Ocean En-Tech Holding Co., Ltd. was founded in 1995 and is headquartered in Kwai Chung, Hong Kong.

CMIC Ocean En-Tech Dividend Announcement

• CMIC Ocean En-Tech announced a annually dividend of HK$0.01 per ordinary share which will be made payable on 2023-06-23. Ex dividend date: 2023-05-24
• CMIC Ocean En-Tech's trailing twelve-month (TTM) dividend yield is -%
• CMIC Ocean En-Tech's payout ratio for the trailing twelve months (TTM) is 42.64%

CMIC Ocean En-Tech Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-05-24HK$0.01annually2023-06-23

CMIC Ocean En-Tech Dividend per year

CMIC Ocean En-Tech Dividend Yield

CMIC Ocean En-Tech current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing CMIC Ocean En-Tech stock? Use our calculator to estimate your expected dividend yield:

CMIC Ocean En-Tech Financial Ratios

P/E ratio8.73
PEG ratio1.95
P/B ratio0.47
ROE5.57%
Payout ratio42.64%
Current ratio1.91
Quick ratio1.60
Cash Ratio0.57

CMIC Ocean En-Tech Dividend FAQ

Does CMIC Ocean En-Tech stock pay dividends?
CMIC Ocean En-Tech does not currently pay dividends to its shareholders.
Has CMIC Ocean En-Tech ever paid a dividend?
No, CMIC Ocean En-Tech has no a history of paying dividends to its shareholders. CMIC Ocean En-Tech is not known for its dividend payments.
Why doesn't CMIC Ocean En-Tech pay dividends?
There are several potential reasons why CMIC Ocean En-Tech would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will CMIC Ocean En-Tech ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While CMIC Ocean En-Tech has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is CMIC Ocean En-Tech a dividend aristocrat?
CMIC Ocean En-Tech is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is CMIC Ocean En-Tech a dividend king?
CMIC Ocean En-Tech is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is CMIC Ocean En-Tech a dividend stock?
No, CMIC Ocean En-Tech is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy CMIC Ocean En-Tech stocks?
To buy CMIC Ocean En-Tech you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy CMIC Ocean En-Tech stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.